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In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets, specifically crypto exchanges, do not. A verdict that has sparked a ripple, pun intended, in the crypto space, potentially creating waves [...]
The post Decoding Ripple’s Ruling: A Potential Tsunami for the SEC appeared first on Crypto Breaking News.
The SEC Chair has attracted criticisms from the crypto community, representing many American voters. Ripple General Counsel Stuart Alderoty believes Gary Gensler, Chairperson of the U.S. Securities and Exchange Commission, serves as a political liability for the Joe Biden administration due to his adverse enforcement actions against crypto firms. These enforcement actions, including the recent […]
The post Ripple General Counsel Views SEC Chair as Biden Administration’s Political Liability first appeared on The Crypto Basic.
It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.
The FTX founder met with senior White House officials at least four times in 2022.
Stuart Alderoty said the SEC hasn’t labeled XRP security and does not have the power to do so. Stuart Alderoty, Ripple’s General Counsel, has reacted to a New York Times article dubbed “Inside a Crypto Nemesis’ Campaign to Rein In the Industry.” In the article, the New York Times noted that Ripple was charged with […]
The post Ripple General Counsel Says SEC Doesn’t Have Power to Label XRP Security first appeared on The Crypto Basic.
The regulator found that Bitcoin lacks fundamental security characteristics, such as voting rights, dividends, and corporate governance participation.
According to a Fortune report published on June 16, the cryptocurrency asset platform Bakkt is delisting three cryptocurrencies due to the current regulatory climate. Bakkt’s general counsel stated that the platform will expand its coin offering once there is “further clarity.” Bakkt Reacts to Regulatory Pressure, Delists Solana, Polygon, and Cardano Bakkt, the New York-based [...]
The post Bakkt Takes Proactive Measures, Delists Polygon, Solana, and Cardano Amid Regulatory Crackdowns appeared first on Crypto Breaking News.
Tether and Bitfinex general counsel Stuart Hoegner has retired, leaving Michael Hilliard to take his place as legal chief at the two firms.
Ripple General Counsel commended former SEC Chairman Harvey Pitt for explaining the procedures of an enforcement action. Following the demise of former SEC Chair Harvey Pitt, Ripple’s General Counsel Stuart Alderoty said the Silicon Valley-based blockchain company owes a debt of gratitude to Pitt for detailing the process of the commission’s enforcement action. Remembering former […]
The post Alderoty Says “Ripple Owes a Debt of Gratitude” to Former SEC Chairman first appeared on The Crypto Basic.
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